Central State Bank in Muscatine, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Central State Bank - Overview

  • General
  • FDIC Certificate #: 1552
    Status: Active
    Federal Reserve ID: 830542
    Bank Holding Company (Regulatory Top Holder): Central Bancshares, Inc. (RSSDID: 1203899, Location: Muscatine, IA)
    Date Established: June 13, 1933
    WWW: http://www.centralstate.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 12483
    FDIC's unique #: 1021
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 301 Iowa Avenue, Muscatine, IA 52761
    County: Muscatine
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Cedar Rapids
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Muscatine, IA (#34700)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $300.1 mil
    Equity capital: $26.7 mil
    Deposits held in domestic offices: $248.7 mil
    Return on assets (ROA): 0.90% ($2.7 mil)
    Quarterly return on assets: 1.10% ($3.3 mil)
    Return on Equity (ROE): 10.43% ($2.8 mil)
    Quarterly return on equity: 12.40% ($3.3 mil)
    Net income: $2.6 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.10% ($3,300.9 mil)
    Quarterly Pretax return on assets: 1.43% ($4,291.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 64Total employees (full-time equivalent)
  • $300,082Total assets
  • $15,882Cash and due from depository institutions
  • $4,429Interest-bearing balances
  • $116,128Securities
  • $3,350Federal funds sold & reverse repurchase agreements
  • $146,148Net loans & leases
  • $2,983Loan loss allowance
  • $0Trading account assets
  • $5,142Bank premises and fixed assets
  • $1,746Other real estate owned
  • $611Goodwill and other intangibles
  • $300,082Life insurance assets
  • $11,075All other assets
  • $273,375Total liabilities and capital
  • $248,676Total liabilities
  • $212,762Total deposits
  • $248,676Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 10251.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $4,448Subordinated debt
  • $26,707All other liabilities
  • $26,707Total equity capital
  • $26,707Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $10,600Surplus
  • $15,107Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $139Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,814Income earned, not collected on loans
  • $0Earning assets
  • $1,697Long-term assets (5+ years)
  • $270,055Average Assets, year-to-date
  • $101,834Average Assets, quarterly
  • $293,441Volatile liabilities
  • $301,163Insider loans
  • $183,342FHLB advances
  • $299,988Loans and leases held for sale
  • $6,445Unused loan commitments
  • $6,445Tier 1 (core) risk-based capital
  • $26,581Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $31,161Restructured Loans and leases
  • $189Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,222Total interest income
  • $2,581Total interest expense
  • $8,641Net interest income
  • $600Provision for loan and lease losses
  • $3,216Total noninterest income
  • $537Fiduciary activities
  • $796Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,883Additional noninterest income
  • $8,072Total noninterest expense
  • $3,466Salaries and employee benefits
  • $633Premises and equipment expense
  • $3,973Additional noninterest expense
  • $3,185Pre-tax net operating income
  • $38Securities gains (losses)
  • $586Applicable income taxes
  • $2,637Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,637Net income attributable to bank
  • $0Net charge-offs
  • $2,637Cash dividends
  • $889Sale, conversion, retirement of capital stock, net
  • $702Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.22%Yield on earning assets
  • 0.97%Cost of funding earning assets
  • 3.25%Net interest margin
  • 1.21%Noninterest income to earning assets
  • 3.03%Noninterest expense to earning assets
  • 0.89%Net operating income to assets
  • 0.90%Return on assets (ROA)
  • 1.10%Pretax return on assets
  • 10.43%Return on equity (ROE)
  • 7.65%Retained earnings to average equity (YTD only)
  • 0.60%Net charge-offs to loans
  • 67.49%Credit loss provision to net charge-offs
  • 4.26%Efficiency ratio
  • 68,027Assets per employee
  • 4.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.62%Loss allowance to loans
  • 2.00%Loss allowance to noncurrent loans
  • 61.97%Noncurrent assets plus other real estate owned to assets
  • 2.19%Noncurrent loans to loans
  • 3.23%Net loans and leases to deposits
  • 58.77%Net loans and leases to core deposits
  • 59.82%Equity capital to assets
  • 8.90%Core capital (leverage) ratio
  • 8.86%Tier 1 risk-based capital ratio
  • 14.50%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $293,441Average earning assets
  • $25,279Average equity
  • $266,028Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $112,549Managed Assets
  • 1Number of Accounts
  • $79,428Personal trust and agency accounts
  • $32,437Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $10,150Corporate trust and agency accounts
  • $1,952Investment management agency accounts
  • $34,889Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 362Number of Accounts
  • $0Personal trust and agency accounts
  • $10,150Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $33,121Other retirement accounts
  • $130Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $2,404Fiduciary accounts held in foreign offices

List of branches

  • 5 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01021Central State Bank301 Iowa Avenue, Muscatine, IA 52761June 13, 1933Full Service Brick and Mortar
    2189809Park Avenue Branch1521 Park Avenue, Muscatine, IA 52761Febuary 15, 1971Full Service Brick and Mortar
    4189811Grandview Avenue Branch410 Grandview Avenue, Muscatine, IA 52761January 31, 1977Full Service Brick and Mortar
    6280115Hyvee Branch2400 Second Avenue, Muscatine, IA 52761July 31, 1998Full Service Retail
    7465508Wilton Branch710 W.5th St, Wilton, IA 52778October 09, 2006Full Service Brick and Mortar

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